Bitcoin and Ethereum Keep Gains Above Key Hurdles, MATIC, SHIB, and XRP Rally
Bitcoin price remained in a positive zone above the USD 40,000 resistance. BTC cleared the USD 43,500 resistance level and spiked towards USD 44,500. It is currently (04:09 UTC) consolidating gains near USD 44,200.
Similarly, most major altcoins are gaining bullish momentum. ETH was able to settle above the USD 3,120 resistance level. XRP surged 21% and surpassed the USD 0.88 level. ADA broke the USD 1.22 resistance level.
Total market capitalization
After a strong surge above USD 40,000, bitcoin price was able to clear the USD 43,500 resistance zone and test the USD 44,500 resistance zone. The next major resistance is near the USD 45,000 level, above which the price could accelerate higher.
On the downside, an immediate support is near the USD 43,800 level. The next key support is now forming near the USD 43,500 level, below which the price could start a downside correction.
Ethereum price also gained bullish momentum above the USD 3,000 level. ETH cleared the USD 3,120 resistance and is now trading near USD 3,150 while the immediate resistance is at USD 3,200. The next key resistance is near USD 3,250, where the bears could take a stand.
An initial support is near the USD 3,120 level. The next major support is near USD 3,020, below which there is a risk of a sharper decline.
Cardano (ADA) is up almost 7% and there was a move above the key USD 1.20 resistance zone. It even surpassed the USD 1.22 resistance zone and is showing positive signs. The next major resistance is near the USD 1.25 level.
Binance coin (BNB) spiked higher and tested the USD 440 resistance zone, where the bears emerged. If there is a fresh increase, the price may perhaps break the USD 440 resistance and rise towards the USD 450 hurdle.
Solana (SOL) is
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